General Dynamics, FLIR Score Pentagon Contract Wins

The Department of Defense issued $312.5 million worth of new contract awards Monday. Notable winners included subsidiaries of two major defense contractors, FLIR Systems (NASDAQ: FLIR  ) and General Dynamics (NYSE: GD  ) .

FLIR subsidiary Agentase LLC won a $12.1 million contract to perform research into a Dynamically Responsive Chemical/Biological Agent Defense System for the U.S. Defense Threat Reduction Agency. Its work is expected to be complete by April 2018.

Meanwhile, two General Dynamics subsidiaries won contracts:

  • GD's Bath Iron Works shipbuilding unit was awarded $12.6 million as an option extension for work on Littoral Combat Ship (LCS) Class Design Services. The company will provide necessary engineering, program, and technical support for LCS Class ships, and specifically for the planned LCS 6 and subsequent vessels. Its work should be complete by June 2014.
  • GD subsidiary American Overseas Marine Corp. was awarded a similar $14.5 million option on a pre-existing contract. This one extended by one year (to April 2014) AOMC's responsibility for operating and maintaining seven large, medium-speed, roll-on/roll-off transport ships for the U.S. Military Sealift Command. 

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2366147, ~/Articles/ArticleHandler.aspx, 8/27/2014 5:01:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement